How to Turn E-Books into Money-Making Machines
Monday, November 6th, 2006And now for the good part…
As previously mentioned, there is real money in public domain. You only have to figure out how best to go about it, and lucky for you, you don’t even have to think very hard because everything you need to know you will learn from right here.
There are a number of methods you can choose as your main course of action when you turn public domain works into a money making business. Some require a lot of involvement from you personally, while others are more lenient. It is your choice.
However, as a general rule of thumb, effort begets profit. So the more effort you put into something, the more profit you will receive.
You may have heard people making all sorts of claims on how e-books and public domain works can make you an instant millionaire.
Whatever you do, do not fall for this trap. No one becomes a millionaire overnight. Not, unless you bought the winning lottery ticket for tomorrow, and even then, the odds are one in a billion.
Well, sure, there is some decent money in public domain works. Armed with the right knowledge about the process and the willingness to invest time and effort into building a fortune, then there is no reason why you cannot turn this idea into dollars.
**A word to the wise: It is a smart entrepreneur who tries to build a fortune on a project that he or she has some personal interest in. Chances are that you will be dealing with a vast amount of materials and performing a lot of prep work, marketing and sales. Most of these you will find you will have to do yourself. If you are unable to exhibit passion for your own work, then how can you expect the same from your consumers? In the end, even a little passion for your business can go a long way.
Need Proof?
Alright, so there are claims that public domain works can be profitable, but most of these claims are clearly overboard and nothing more than a myth. However, this should not become your reason for believing that everything about profit from public domain is a lie.
The truth is, it is not. And if you want proof, take the following fine examples of persons who made it big because of public domain works and a little thing called “imagination”:
Walt Disney
No, you did not read wrong. We are talking about the “magic” man himself.
Mr. Walt Disney has made a billion dollar fortune on timeless stories that we have always loved, no matter how many times we have heard or read them or how many revisions the tales have undergone. His entire empire is built on characters of these stories, making everything from movies, TV shows, songs, music scores, theme parks, and so much more.
His source? The Grimm Brother’s Collection of Fairy Tales – a public domain work. What Disney did was essentially copy them, tweaked around with the characters’ names, rewrote a happy ending, slapped the whole thing on a piece of film, added some music, and voila! He opened to us a whole new world of magic while he made profit out of it.
Ted Turner
He owns the Turner Classic Movies (TCM), a cable network that earns millions of dollars a year in gross profits. And that is only for advertising. Because most of the movies broadcasted on TCM are classic films that have long since entered the public domain, Ted Turner only pays a very minimal cost when broadcasting.
This is a far cry from other broadcast stations who must shell out millions to pay for royalties and other fees.
As a shrewd businessman, Ted Turner saw the opportunity of a lifetime that public domain offered – re-distributing copyright-free works and earning a fortune as a consequence.
You will find many more examples of rags-to-riches stories around public domain re-selling. Who said this kind of stories only exist in fairy tales? You can create your own fairy tale, too, by turning public domain ideas into dollars.